Kenmare Resources Publication Of 2022 Sustainability Report
April 06 2023 - 1:00AM
UK Regulatory
TIDMKMR
Kenmare Resources plc
("Kenmare" or "the Company" or "the Group")
6 April 2023
Publication of 2022 Sustainability Report
Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading
global producers of titanium minerals and zircon, which operates
the Moma Titanium Minerals Mine (the "Mine" or "Moma") in northern
Mozambique, today announces the publication of its Sustainability
Report for the year ended 31 December 2022. The report is available
on the Company's website and can be downloaded
https://www.globenewswire.com/Tracker?data=vxSh5xZ0ytYuVirBg9fAIUBlcCNfzUrsfSpSmnWjczSqyp7mtZBwfJX90_f_xkOC7ZE41vjT2CU_9xpviNUy1SPyc5yA3YLVHSZaALxZpa9fHz8CztMiNFviKSxX6CrX
here.
2022 sustainability highlights:
-- Almost 12 million hours worked without a Lost Time Injury to late
September 2022; 50% improvement in Lost Time Injury Frequency Rate
(LTIFR) in 2022 of 0.09 compared to the three-year average of 0.18
(2020-2022)
-- Absolute greenhouse gas emissions reduced by 6% year on year in 2022,
driven by the Rotary Uninterruptible Power Supply (RUPS) project and
diesel efficiencies following an extensive maintenance programme at the
Mineral Separation Plant
-- 191 hectares of mined land rehabilitated, exceeding the target of 174
hectares. A further 93 hectare of previously rehabilitated land was
improved
-- Mozambican representation in the Moma Mine workforce remained constant at
97%
-- Female employees represented 14.5% of the Mine workforce at the end of
2022, up from 12.5% in 2021
-- $3.0 million investment was made into local communities through the
Kenmare Moma Development Association (KMAD) (2021: $2.3 million)
-- A water reuse rate of 90% was achieved; Kenmare's Water Accounting
Framework continued to mature and achieve closer alignment with the ICMM
principles
-- $29.5 million of payments to the Government of Mozambique (2020: $26.5
million)
-- Kenmare was named as the most transparent company in Mozambique for the
third consecutive year by the Centro de Integridade Pública (CIP)
Extractive Industry Transparency Index
-- Public security personnel received external training on the Voluntary
Principles on Security and Human Rights
The 2022 Sustainability Report, aligned with the Global
Reporting Initiative standards, aims to assist stakeholders to
further understand our business by providing transparent
demonstration and disclosure of Kenmare's sustainability
performance. The Company reports its performance against its 2022
sustainability targets, which were detailed in the 2021
Sustainability Report, and sets new targets for 2023, as the
Company works towards its published mid-term (2025) targets.
The 2022 Sustainability Report also outlines the strategy,
policies, and management approach of Kenmare's longstanding and
on-going commitment to sustainability. These efforts are
underpinned by the corporate values of Integrity, Commitment,
Accountability, Respect and Excellence (ICARE) and Kenmare's
purpose of "responsibly meeting global demand for quality-of-life
minerals."
Kenmare's 2022 Annual Report is aligned with the recommendations
of Task Force on Climate-related Financial Disclosures ("TCFD") and
contains our disclosures in this regard. Kenmare supports the aims
of the TCFD and believes businesses should communicate the risks
and opportunities that climate change presents.
Kenmare has also published a Sustainability Fact Book, which is
a Microsoft Excel document containing the Company's key
sustainability figures to allow investors to compare its
performance to other companies in a quick and efficient manner. The
Sustainability Fact Book also provides indexes to Kenmare's
alignment with the Global Reporting Initiative, the Church of
England Pensions Board Investment group's Tailings Storage Facility
(TSF) disclosures, the UN Global Compact, Sustainable Development
Goals and The Sustainability Factbook is available on the Company's
website at https://www.kenmareresources.com/en/sustainability
Statement from Elaine Dorward-King, Chair of the Sustainability
Committee:
"Kenmare strives to provide transparent and comprehensive
reporting on the progress and challenges related to our
sustainability programmes. The Company was recognised as 'ESG
Producer of the Year' in the prestigious Mines and Money Awards and
the team also achieved 21% out of a potential 25% in its 2022 ESG
Scorecard."
Statement from Michael Carvill, Managing Director:
"We are committed to building on our good progress to date, but
are in no doubt as to the growing expectations from investors and
regulators, to reduce emissions, protect and restore biodiversity
and to be even more transparent in our sustainability disclosures.
We will strive to continue to build on our strong foundations and
to make a tangible difference to the lives of our Mozambican host
communities. I would like to thank the whole Kenmare team and all
our partners for their contributions as we continue this
journey."
For further information, please contact:
Kenmare Resources plc
Jeremy Dibb / Michael Starke
Investor Relations
ir@kenmareresources.com
https://www.globenewswire.com/Tracker?data=ZEZL7xJK03jNpXaSs9rLPQT4cVhyz3laDxlKtMZL74z2-A1IcXfmV3mxnB5_u2I2rXjFLyNCDeZpP_JHYpTQCGtrdMhxRQKPsdQ0MttepCraXB3L1h6IB0EOdCJWlkhWj-rDCzD-Ve1OGLIjHyH3uvH9SGhi-mgtgQYF9VdZC3mSiH1KQ1IwdW5_jEM3w8p6A2YARQmrV1xxLFW9KONEtAb1kuK08m1XecKrKeyUEoqPjZ9TDtH15cmzOKFvXuDxfubQFRAkhojs0jiqn2T_Dw==
Tel: +353 1 671 0411
Mob: +353 87 943 0367
Murray (PR advisor)
Paul O'Kane
pokane@murraygroup.ie
Tel: +353 1 498 0300
Mob: +353 86 609 0221
About Kenmare Resources
Kenmare Resources plc is one of the world's largest producers of
mineral sands products. Listed on the London Stock Exchange and the
Euronext Dublin, Kenmare operates the Moma Titanium Minerals Mine
in Mozambique. Moma's production accounts for approximately 7% of
global titanium feedstocks and the Company supplies to customers
operating in more than 15 countries. Kenmare produces raw materials
that are ultimately consumed in everyday quality-of-life items such
as paints, plastics and ceramic tiles.
All monetary amounts refer to United States dollars unless
otherwise indicated.
(END) Dow Jones Newswires
April 06, 2023 02:00 ET (06:00 GMT)
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